Just to clarify so you hard cores don’t start hoping somebody you don’t like might be sick, this is about a rhino, not a RINO.

Comment: But the real theme was the absence of any ideas to fix it, beyond tinkering on the edges and a silly idea of a state property tax. One exception was the segment by Jim Spiotto, a municipal bankruptcy expert, who talked about that.

Another $800 million for the state.

“While most states exercised fiscal restraint, Illinois, the lowest rated U.S. state, bucked the trend last year by increasing its debt 16 percent, Moody’s said. That wasn’t because it was investing in infrastructure.”

“No state has defaulted on its general obligation bonds since Arkansas in 1933. Illinois may be challenging this notion. While its debt is technically rated as investment grade, its bonds currently trade in line with noninvestment grade or junk municipal debt.”